Stocks to Watch, May 19: Dell Inc., Gap and Barnes and Noble

SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Friday's session are Dell Inc., Gap Inc., Advanced Micro Devices Inc., Marvell Technology Group Ltd. and AnnTaylor Stores Corp.

AnnTaylor Stores Corp. (ANN) is expected to report first-quarter earnings of 40 cents a share, according to analysts polled by Thomson First Call.

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Kirkland's Inc. (KIRK) is seen posting a first-quarter loss of 16 cents a share.

After Thursday's closing bell, Dell Inc. (DELL) reported a 18% drop in fiscal first-quarter profit as sales of its desktop personal computers fell amid aggressive price competition. The No. 1 personal-computer maker also said it would begin using chips from Advanced Micro Devices Inc. (AMD).

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Aeropostale (ARO) reported first-quarter net earnings of $8.36 million, or 15 cents a share, down 2.9% from $8.61 million, or 15 cents a share, in the year-ago period. Revenue at the New York-based clothing retailer rose to 16% to $246.3 million from $211.7 million. Analysts polled by Thomson First Call had forecast earnings of 15 cents a share on revenue of $246 million.

Alkermes Inc. (ALKS) said fourth-quarter net income was $4.4 million, or 4 cents a share, on revenue of $53.7 million. For 2007, Alkermes sees revenue of $200 million to $222 million, and operating income of $15 million to $20 million. On a pro forma basis, the company sees annual income of $5 million to $10 million, or 5 cents a share to 10 cents a share.

Design-software firm Autodesk Inc. (ADSK) said its quarterly profit sank 36% as higher expenses related to employee stock options weighed on its bottom line, more than offsetting a stronger-than-expected 23% jump in revenue.

Brocade Communications Systems Inc. (BRCD) reported fiscal second-quarter net earnings of $13.5 million, or 5 cents a share, down 37% from $21.4 million, or 8 cents a share, in the year-ago period. Excluding items, the profit came in at 10 cents a share vs. 7 cents a share last year. Revenue rose 26% to $182.7 million from $144.8 million. Analysts polled by Thomson First Call had forecast earnings of 5 cents a share on revenue of $160 million.

Citi Trends Inc. (CTRN) reported first-quarter net earnings of $6.89 million, or 49 cents a share, up from $3.27 million, or 30 cents a share, during the year-ago period. The Savannah, Ga.-based retailer of urban apparel and accessories posted revenue of $91.7 million vs. $63.6 million. Same-store sales increased 21% during the quarter compared with a 6.9% rise a year ago. Relocated and expanded stores are included in the comparable store sales results, the company said.

Caremark Rx Inc. (CMX) said it has received a grand jury subpoena from the U.S. Attorney for the Southern District of New York seeking records related to stock-option grants. The Nashville, Tenn.-based pharmaceutical services company also said it has received a letter of informal inquiry from the Securities and Exchange Commission requesting documents related to stock-option grants and Caremark's relocation program.

Finish Line Inc. (FINL) cut its first-quarter earnings forecast to a range of 8 cents to 10 cents a share and its revenue forecast to a range of $285 million to $290 million. The Indianapolis-based retailer had previously forecast a per-share profit of 18 cents to 20 cents on revenue of $312 million. Analysts polled by Thomson First Call are looking for a per-share profit of 19 cents a share on revenue of $311 million. Due to slowing footwear sales trends, the company also cut its full-year forecast.

Gap Inc. (GPS) said first-quarter net income fell 17% amid lower sales as the specialty retailer continued its struggle to regain market share and bring fresh products to its stores.

Hibbett Sporting Goods Inc. (HIBB) reported first-quarter net earnings of $11.5 million, or 35 cents a share, up 7.7% from $10.7 million, or 31 cents a share, during the year-ago period. The Birmingham, Ala.-based sporting goods retailer posted revenue of $126.9 million vs. $114.8 million. Analysts polled by Thomson First Call had forecast first-quarter earnings of 35 cents a share on revenue of $131 million. Same-store sales declined 0.07% for the quarter, the company said.

Expense controls and inventory management helped Nordstrom Inc. (JWN) push its first-quarter profit up by more than a quarter, while the department-store chain posted a sales increase of 8%.

Marvell Technology Group Ltd. (MRVL) reported its quarterly net income rose more than 18% from a year ago as sales of its chips for Internet networking gear and consumer electronic devices surged.

SafeNet Inc. (SFNT) said it has received a subpoena from the Office of the U.S. Attorney for the Southern District of New York related to the company's granting of stock options. SafeNet also said it has received a letter of informal inquiry from the Securities and Exchange Commission requesting information related to the company's stock-option grants and certain accounting policies and practices.

Storage- and security-software firm Symantec Corp. (SYMC) said that it filed a lawsuit against Microsoft Corp. (MSFT) , alleging the world's largest software firm misappropriated Symantec intellectual property and breached a contract between the two companies.

Stratex Networks Inc. (STXN) said fourth-quarter net income was $3.32 million, or 3 cents a share. For the same period in the prior year, the company reported a net loss of $13.3 million, or 14 cents a share. Analysts polled by Thomson First Call had expected per-share income of 2 cents. The provider of wireless transmission products said quarterly revenue was $64 million, up from $41.1 million. Analysts were looking for revenue of $62 million.

Vitesse Semiconductor Corp. (VTSS) said it has received a grand jury subpoena from the office of the U.S. Attorney for the Southern District of New York seeking documents dating back to 1999 related to the company's stock-option grants. The Camarillo, Calif.-based company also said it has been notified that the Securities and Exchange Commission is investigating. The SEC has requested documents dating back to 1995, also related to the grant of stock options.

Red Robin Gourmet Burgers Inc. (RRGB) reported first-quarter net income of $7.36 million, or 44 cents a share, compared with net income of $7.96 million, or 48 cents a share, during the same period in the prior year. Analysts polled by Thomson First Call had expected per-share income of 44 cents. Red Robin reported quarterly revenue of $170.5 million, up from $141.2 million.